Find the Cheapest Areas to Rent Office Space in London
Looking for the cheapest areas to rent in London? You’ve come to the right place.
In this article, we will show you the cheapest areas in the city where you can set up your workspace without spending a fortune.
Whether it’s Vauxhall, Stratford, Algate, or Shoreditch, we have compiled a list of budget-friendly options for you.
Prepare to find the perfect location that meets your needs and fits your budget.
Let’s dive into the data and discover where you can save a significant amount on office rent in London.
1) Vauxhall
If you’re looking for an affordable office space in London, Vauxhall is an excellent option because it’s centrally located and has many amenities. Vauxhall is one of the least expensive areas in London to rent an office, which makes it appealing for businesses on a tight budget.
The average rents in Vauxhall range from £25 to £35 per square foot, which is much lower than the average rent in central London. Vauxhall has excellent transportation links and is close to major stations like Victoria, Waterloo, and London Bridge, making it convenient and accessible for businesses and their employees.
Additionally, Vauxhall has a wide variety of restaurants, bars, and shops, so there are plenty of options for dining and entertainment. Whether you’re looking for traditional office buildings or coworking spaces, Vauxhall has a range of office space options to meet your needs. You can read our detailed guide on how to find cheap serviced office space in London for rent!!
2) Stratford
Stratford is a great place for businesses on a budget because it has good public transportation and a variety of office spaces available. The affordable prices, along with the excellent transportation options in the area, make Stratford a popular choice for businesses that want to save money on office space.
In Stratford, which is located in the London borough of Stratford, the average rent for office space is between £30 and £45 per square foot. This is much lower than the average rent in central London.
Stratford is also known for its Olympic Park and new office buildings, creating a lively and dynamic work environment.
Additionally, there are various amenities available, such as 24-hour access, meeting rooms, high-speed internet, and on-site parking. With its affordable rents and convenient location, Stratford is a top choice for businesses that want to establish a presence in London.
3) Aldgate
If you’re looking for office space in London, consider Aldgate. It has affordable rents and excellent public transportation options.
Aldgate is one of the cheapest areas in London for office rentals, with average rents ranging from £35 to £45 per square foot. This is much lower than the average rent for office space in central London, which is typically around £50 to £70 per square foot per year.
In addition to being affordable, Aldgate is centrally located and has great public transportation connections. Aldgate Station provides direct access to the Central, Metropolitan, and Circle lines.
Whether you prefer traditional office buildings or coworking spaces, Aldgate offers a variety of options for businesses seeking affordable office space in a central and well-connected area of London.
4) White City
If you’re looking for an affordable office space in London, you should definitely consider White City. It’s one of the cheapest areas in London to rent an office, with average rents ranging from £45 to £55 per square foot per year.
This is significantly cheaper compared to the average rent for office space in central London, which is around £50 to £70 per square foot.
White City is also well-connected to public transportation, with White City Station providing direct access to the Central line. This makes commuting to and from the office convenient for both employees and clients.
Additionally, White City offers a variety of office space options, including traditional office buildings and coworking spaces, providing flexibility for businesses.
With its affordability, connectivity, and range of options, White City is one of the cheapest places to rent an office in London.
5) Shoreditch
If you want to rent an office in London and are looking for a trendy and lively location, Shoreditch is a great choice. Shoreditch is famous for its technology and creative industries, making it a popular area for businesses in these sectors.
The cost of renting office space in Shoreditch is slightly higher than in some of the cheapest areas in London, but it’s still much lower than the average rent in central London. Shoreditch offers a range of office space options, including traditional office buildings and coworking spaces, which provide businesses with flexibility and affordability.
Moreover, Shoreditch has excellent public transportation connections and a variety of amenities, such as restaurants, bars, and shops, making it an appealing location for both employees and clients.
Overall, Shoreditch is a cost-effective choice for businesses seeking a trendy and convenient area to rent an office in London.
6) Camden
Camden is known for its affordable office rents compared to central London. The average rent for office space in Camden ranges from £45 to £55 per square foot, making it one of the cheapest areas in London to rent an office. This is significantly lower than the average rent in central London, which ranges from £50 to £70 per square foot per year.
Camden’s affordability, combined with its alternative culture and various office space options like traditional office buildings and coworking spaces, makes it an attractive choice for businesses seeking affordable office space in a lively location.
Furthermore, Camden’s convenient location near public transportation, with direct access to the Northern line through Camden Town Station, adds to its appeal for businesses looking for convenience and accessibility. You can even find large offices in London for under £1,000 per month if you rent from these areas.
7) Bermondsey
Bermondsey offers different types of office spaces, including traditional office buildings and coworking spaces, making it a budget-friendly choice for businesses that need a flexible workspace.
The average rent for office space in Bermondsey is between £35 and £45 per square foot, which is quite affordable compared to central London where prices can go up to £50 to £70 per square foot.
Bermondsey is also well-connected to public transportation, with Bermondsey Station providing direct access to the Jubilee line. Moreover, the area has various amenities and a good mix of businesses and residents.
8) Limehouse
You can easily find and choose office spaces in Limehouse that meet your business needs. Limehouse is one of the most affordable areas in London to rent an office, with average rents ranging from £35 to £45 per square foot per year. This is much cheaper than the average rent for office space in central London, which is around £50 to £70 per square foot.
The low cost of office space in Limehouse makes it an attractive option for businesses looking to save on expenses. Limehouse is also well-connected to public transportation, making it easy to commute to other parts of London.
There are various options available, including traditional office buildings and coworking spaces, providing a wide range of choices for businesses in need of affordable serviced offices in London.
9) Edgware
Sometimes, Edgware has some of the cheapest office space options in London. The average rent is between £30 and £40 per square foot, which is much lower than the average rent in central London. In central London, the rent can be as high as £50 to £70 per square foot per year.
Edgware is a suburb in North London that has good public transportation connections, which makes it an attractive location for businesses seeking affordable office space. Besides being affordable, Edgware also offers a variety of office space options, including traditional office buildings and coworking spaces. This makes it a flexible choice for businesses of all sizes.
10) Barnet
If you’re looking for a budget-friendly office space in London, Barnet has many options available. You can choose from traditional office buildings or coworking spaces.
Barnet is one of the most affordable areas in London to rent an office, with average rents ranging from £30 to £40 per square foot. This is much lower compared to the average rent for office space in central London, which is around £50 to £70 per square foot per year.
The affordable office spaces in Barnet are a great choice for businesses that want to save on rental costs. Moreover, Barnet has excellent public transportation connections, with Barnet Station offering direct access to the Northern line.
With its variety of office space options and affordable rents, Barnet is the perfect choice for businesses seeking inexpensive, serviced office space in London.
Here are a few more areas where you can find cheap office spaces in London:
Additional information about areas in London in 2023
In 2023, London offers an array of options for those seeking private office space to rent in different city areas. Whether you're looking for a place to rent in East London's bustling Clerkenwell, where the asking rent per person per month might pleasantly surprise you, or the green spaces and excellent transport links in South London's Lewisham, there's something for every renter.
In the vibrant borough of Southwark, you can find cheap yet convenient offices with easy access to public transport, making it a prime choice for businesses. For those preferring East London, areas like Walthamstow offer tranquillity and excellent transport connections to Heathrow Airport.
If you're on a tight budget, Bexley and Bromley in the South-East are known for their affordability, while Croydon's high street bustles with options at around £250 per person per month. London's diverse neighbourhoods ensure there's a private office for every preference and budget, providing a plethora of choices for businesses and individuals alike.
But if this list didn't have what you need, why not check out this list of 20+ cheap serviced office rent deals in London.
Wrap Up: Cheapest Areas to Rent Office in London
According to the data, Vauxhall, Stratford, Algate, White City, Shoreditch, Bermondsey, Limehouse, Edgware, and Barnet are the cheapest areas in London to rent an office.
These locations provide affordable rental prices while still offering convenient access and necessary amenities.
Entrepreneurs and businesses seeking cost-effective office spaces in the city should consider exploring these areas as potential options.